I don't know where you got the idea that SM is a power hog... it's probably one of the least resource intensive games you'll fine.
You can typically run it on a 1GHz P3 without breaking a sweat.... no joke
My SM box uses an:
ASUS P5G-MX (MicroATX)
E2200 Core Duo Cpu @ 2.20Ghz
1GB PC2-5300 Ram
GeForce 7200 GS 256MB PCIe (low profile/half height)
I bought the mobo+cpu+ram as a used pre-assembled kit for about $50... the graphics card I bought for a whopping $15 shipped

I probably could have run it on the on-board Graphics but I heard that it really like GeForce based cards (especially old ones) so I picked one up to be on the safe side.
I'm running 32-bit Win XP SP2 (because that's what my install disc had and it works so why bother updating).
With this setup the game plays ROCK SOLID I haven't run into any issues yet.
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As for the log file, I'm not sure where you turn it on but it should create a .log file in the root SM folder... I'm pretty sure there's only one file. during all the boot-up initialization you should see it mention loading the PacDrive Light Drivers... that will be the same file that it ouputs any errors too... (I'd start by searching for "lights" or "PacDrive")